Gold Price Forecast
Güncellendi
Gold prices have recently seen a rapid surge, reaching $1,960 as tensions escalate in the Gaza Strip, and the U.S. House of Representatives faces difficulties due to the absence of a Speaker, causing investors to seek refuge in safe havens.
XAU/USD is holding steady around $1,950 at market close and has gained over 1.35% on Wednesday. The conflict in Gaza and the paralyzed U.S. House of Representatives weigh heavily on risk appetites.
A hospital in Gaza was rocked by an explosion this week, resulting in the tragic loss of over 500 civilians who sought shelter in the building as the Israel-Hamas conflict escalated. Hamas claims that Israel purposefully targeted the building, while Israel attributes the destruction to an errant Hamas rocket.
Spot gold has extended beyond the 200-day simple moving average on Wednesday and has also broken the descending trendline from the May peak of $2,079.76.
XAU/USD has experienced a rapid climb in recent weeks, surging over 7.5% from its early January low to $1,810.
Speculators betting on higher gold prices will aim to turn the previous resistance level into support at $1,940, while the key psychological level of $1,900 is hoped to become a primary battleground as XAU/USD decides whether to push higher.
XAU/USD is holding steady around $1,950 at market close and has gained over 1.35% on Wednesday. The conflict in Gaza and the paralyzed U.S. House of Representatives weigh heavily on risk appetites.
A hospital in Gaza was rocked by an explosion this week, resulting in the tragic loss of over 500 civilians who sought shelter in the building as the Israel-Hamas conflict escalated. Hamas claims that Israel purposefully targeted the building, while Israel attributes the destruction to an errant Hamas rocket.
Spot gold has extended beyond the 200-day simple moving average on Wednesday and has also broken the descending trendline from the May peak of $2,079.76.
XAU/USD has experienced a rapid climb in recent weeks, surging over 7.5% from its early January low to $1,810.
Speculators betting on higher gold prices will aim to turn the previous resistance level into support at $1,940, while the key psychological level of $1,900 is hoped to become a primary battleground as XAU/USD decides whether to push higher.
İşlem aktif
İşlem aktif
The analysis is trending!İşlem aktif
İşlem aktif
The current price of gold is in 1976
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.